Occam's Razor.
In short the simplest answer, is usually the right one.
This was a contagion selling moment. Thinking otherwise is comical given the ASX being down over 2% when the Pause occured.
Scott made it perfectly clear less than 7 days ago that there would be no communications till TD casing etc. Approx. 2 weeks give or take. Choosing a more integrity based approach to news flow, differing from the 88e' type in offering false hope along the way to a duster. Even a kick in pressure wouldn't be reported he stated as clear as a bell.
Anyways, we're just on a week in to the above and its clear to see the scaremongering. Grave walkers looking for capitulation for entry. Personally was extatatic at being able to purchase just prior to pause. The grave walkers will post all sorts of tripe till reopen. Just be aware, there has been no leak (as some believed a couple weeks back and were made to eat humble pie).
This was a natural market event, typical for a spec drilling during a highly volatile period. Contagion has its silver lining for those able to block out the garbage and panic mindset.
Will be an interesting reopen should the Dow surprise and finish green?! Till then, I'd take new posters with a grain of salt and rewatch the below from 4 days ago...
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